News

Industry consultant Larry Harmon has been named interim executive director of the Association of Corporate Credit Unions.

The NCUA and the Massachusetts Division of Banks jointly issued a Letter of Understanding and Agreement to the officials of $178.9 million Tremont Credit Union, Braintree, Mass.

Two industry veterans say securitizing toxic corporate assets could push the cost of corporate stabilization above the current $9.5 billion tab.

TMG Financial Services made its first after tax profit from its purchased card portfolio, according to a letter the CUSO sent to investing credit unions.

MAUI, Hawaii - Former House Speaker Newt Gingrich outlined for attendees at PSCU Financial Services Annual Forum what he called three great challenges that all Americans must confront if the country is to remain a world leader.

D. Henry Blevins, managing director at Crews & Associates, said credit unions should be concerned unexpected gains from securitized corporate assets would not be returned to their balance sheets.